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The New Energy Outlook (NEO) is Bloomberg New Energy Finance’s annual long-term global forecast for the future of energy. Focused on the electricity system, NEO combines the expertise of over 65 in-house country and technology-level specialists in 11 countries to provide a unique assessment of how the market will evolve.
Solar energy is on the rise in the United States. At the end of the first quarter of 2015, more than 21,300 megawatts of cumulative solar electric capacity had been installed around the country, enough to power more than 4.3 million homes. The rapid growth of solar energy in the United States is the result of forward-looking policies that are helping the nation reduce its contribution to global warming and expand its use of local renewable energy sources.
U.S. Solar Market Insight™ is a collaboration between the Solar Energy Industries Association® (SEIA®) and GTM Research that brings high-quality, solar-specific analysis and forecasts to industry professionals in the form of quarterly and annual reports. Released June 9, 2015.
Many affordable housing developers are finding innovative ways to finance clean energy. Learn about recent PV and storage projects from leading affordable housing project management companies committed to solar. This SEIA webinar will showcase affordable housing PV and storage project structures and introduce PV project pipelines both near-term (2015-16) and long-term.
Section 1603 Treasury Grants were made available to solar and other renewable energy projects in lieu of tax credits by the American Recovery and Reinvestment Tax Act of 2009. In the case of solar property, the Section 1603 Grant is 30 percent of the cost basis of the qualified property. In administering the Grant Program, the Treasury Department has routinely reduced the amount of the Section 1603 Grants paid to applicants below the amounts claimed.
Federal tax policies have been an important driver for solar’s recent remarkable growth, but without action during the 114th Congress, the 30-percent investment tax credit (ITC) for solar and other clean energy technologies will expire at the end of 2016. This policy brief estimates the impacts that current law would have on the solar industry.
An increasingly popular model for solar ownership has emerged: shared solar. Through shared solar, many persons come together to jointly own a single solar array. This form of ownership can expand solar ownership to groups previously unable to purchase their own solar arrays and has attracted growing interest from states, developers, and potential owners.
Analysis from the Energy Department's National Renewable Energy Laboratory (NREL) finds that by making shared solar programs available to households and businesses that currently cannot host on-site photovoltaic (PV) systems shared solar could represent 32 to 49 percent of the distributed photovoltaic market in 2020.
This policy brief estimates the impacts that current law would have on the solar industry. It also formulates several policy alternatives and estimates their effectiveness at mitigating the negative impacts of the investment tax credit cliff embedded within current law.